Goldentex’s consolidated profit balloons in Q1
Updated 5/30/2022 11:35:00 AM
Arab Finance: Golden Textiles and Clothes Wool (Goldentex) (GTWL) has reported a consolidated profit attributable to the parent company of EGP 8.386 million during the first quarter (Q1) of 2022, up from EGP 213,610 in the same quarter a year earlier, according to financial statements filed to the Egyptian Exchange (EGX) on May 30th.
Net consolidated sales soared to EGP 70.437 million in Q1 2022 from EGP 38.129 million in Q1 2021.
Golden Textiles’ standalone net profit after tax surged to EGP 8.527 million in the three-month ended March 31st from EGP 508,652 in the comparative period the year before.
Goldentex is an Egypt-based company engaged in the manufacture of textile products. The company is involved in the processing and dyeing of wool, woolen blended synthetic fiber, and industrial yarn.
